NOTE 10. LEASES

6 Months Ended

Sep. 30, 2024

Notes

NOTE 10. LEASES

NOTE 10. LEASES

We conduct our operations in a leased facility under a non-cancellable lease expiring March 31, 2026. Our lease does not provide an implicit interest rate, so we used our incremental borrowing rate to determine the present value of lease payments. Lease expense is recognized on a straight-line basis over the lease term. Details of our operating lease are as follows:

	Quarter Ended September			Six Months Ended September
	2024		2023	2024		2023
Operating lease cost	$	37,754	37,754	$	75,507	75,507
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for leases	$	43,341	44,433	$	90,682	88,866
Remaining lease term		18 months	30 months
Discount rate		3.5	%		3.5%

The following table shows the maturities of lease liabilities as of September 30, 2024:

Year Ending March 31,	Operating Lease Liabilities
2025		91,590
2026		184,995
Total lease payments		276,585
Imputed lease interest		(6,775	)
Total lease liabilities	$	269,810